November 2021

Laneway homes found to decrease neighbouring home values 

Posted on Nov 19, 2021

Having a laneway home within 100 meters of your home could mean it’s worth less.

A new study by the UBC Sauder School of Business found this decrease was as much as a 2.8% lower sale price on Vancouver’s Westside. In more affluent neighborhoods up to a 4.7% lower sale price! Luckily for residents in East Van it had zero impact. The report did not c...

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Downtown condo prices jump in October

Posted on Nov 09, 2021

Downtown property buyers aren't having it easy these days especially if they're looking for an "affordable" home. Properties under $900K are selling fast so buyers need to make quick decisions and often write subject free offers. Normally September sees a significant influx of new listings to the market but there's remains a supply shortage as we c...

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Kits condo & townhome sales climb in October as inventory trends down

Posted on Nov 09, 2021

Kitsilano condo and townhome inventory fell in October causing a bigger imbalance in the market as sales rose month to month. This is making it even harder for buyers in what already is a challenging Seller's market. Homes in many price ranges remain competitive due to so few options being available and are often selling over asking price.

The year...

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SFU price index hits 3rd highest level despite inventory increase in October

Posted on Nov 08, 2021

It's still a Sellers market on SFU as the rain takes us into November.

October saw the HPI price index and home inventory rise as sales dropped in the neighbourhood. The price index is now at the third highest level recorded only surpassed by the peaks seen in 2018.

Watch the 60 second video for the complete update!

Thinking of buying or selling? Le...

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